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RGGI Market: Prices race to new highs in search of a ceiling

Carbon Pulse - Fri, 2024-06-14 06:51
RGGI Allowance (RGA) prices hit new highs after posting a record settle at last week’s second quarterly permit sale, with traders viewing supportive warm weather forecasts, the absence of a reserve cap, and options activity adding to the upside.
Categories: Around The Web

BRIEFING: Chile’s draft Article 6 law is ambitious, but may see slow project approvals

Carbon Pulse - Fri, 2024-06-14 06:31
The public consultation period for Chile’s draft Article 6 regulation concluded this week as stakeholders praised ambitious timelines and comprehensive coverage but flagged cumbersome processes for project approval.
Categories: Around The Web

Verra places voluntary carbon projects implicated in Brazilian police probe on hold

Carbon Pulse - Fri, 2024-06-14 04:21
Verra has placed three Brazil-based voluntary carbon projects on hold, pending a formal review, after they were implicated in a fraud probe launched by the Brazilian Federal Police (PF) last week.
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Clean v green: ‘disgust wins out’ over eco ideals when doing laundry, study finds

The Guardian - Fri, 2024-06-14 04:00

Fear of being seen as unclean drives overwashing of clothes at expense of environment, Swedish scientists say

How often should you wash your clothes? Doctors don’t really know, but the decision is more cultural than medical, anyway. Worried about leaving the house in sweaty shirts or stained shorts, people often chuck clean clothes in the laundry basket after wearing them just once.

But the urge to avoid whiffy garments carries a climate cost that has largely been ignored. New research shows that feelings of disgust and shame encourage excessive clothes washing even among those who care about their carbon footprint.

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Categories: Around The Web

Unexpected number of whales currently swimming off the coast of New England

The Guardian - Fri, 2024-06-14 03:13

Researchers made 161 sightings of whales – some of them endangered – south of Martha’s Vineyard and Nantucket

An unexpected number of whales is visiting the waters off New England, including an unusually high number of an endangered species, said scientists who study the animals.

A research flight made 161 sightings of seven different species of whale on 25 May south of Martha’s Vineyard and south-east of Nantucket, officials with the National Oceanic and Atmospheric Administration (Noaa) said on Thursday. The sightings included 93 of sei whales, one of the highest concentrations of the rare whale during a single flight, the agency said.

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Categories: Around The Web

Danish Parliament approves CO2 tax for industry, shipping

Carbon Pulse - Fri, 2024-06-14 03:07
The Danish parliament has approved two bills that will impose a CO2 tax on parts of industry, including shipping and waste-to-energy companies, from next year.
Categories: Around The Web

Bolivian senator proposes carbon projects as country thaws on voluntary market

Carbon Pulse - Fri, 2024-06-14 02:25
A Bolivian senator expressed support on Tuesday for carbon projects as a counterpoint to extractive industry, as the lower middle-income country slowly reverses its long opposition to the voluntary carbon market (VCM).
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Danish companies recommend halting biodiversity loss by 2030

Carbon Pulse - Fri, 2024-06-14 02:02
Some 22 organisations from across the private, non-profit, and academic sectors in Denmark have agreed with an alliance’s set of guidelines that recommend halting biodiversity loss by 2030 at the latest.
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Swiss reinsurance giant signs multi-year deal to purchase Bolivian biochar credits

Carbon Pulse - Fri, 2024-06-14 01:30
A Swiss reinsurance firm has signed a multi-year deal to purchase credits from a biochar project in Bolivia, it announced on Thursday.
Categories: Around The Web

UK govt-linked voluntary biodiversity credit scheme eyes expansion

Carbon Pulse - Fri, 2024-06-14 01:25
The UK's first voluntary biodiversity credit scheme is set to expand over the next two months, with 10 projects ready to be added to the newly-established framework, Carbon Pulse has learned.
Categories: Around The Web

Greens offer backing for ‘industrial deal’ as ticket to join EU Parliament majority

Carbon Pulse - Fri, 2024-06-14 01:25
The European Green Party, which came out weakened from EU elections on Sunday, offered their backing yesterday to join a coalition led by outgoing Commission President Ursula von der Leyen, saying they were ready to back an “industrial Green Deal” in exchange.
Categories: Around The Web

Companies still don’t trust a stand-alone market for biodiversity, experts say

Carbon Pulse - Fri, 2024-06-14 01:16
A business case for voluntary biodiversity credits is not there yet, as companies prefer to engage in the carbon market with biodiversity co-benefits due to a lack of trust in a stand-alone market, experts have told Carbon Pulse.
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Biodiversity and electricity grids can co-exist, EU power association says

Carbon Pulse - Fri, 2024-06-14 00:39
Protecting biodiversity while deploying more infrastructure to decarbonise electricity production is possible and desirable, according to a new guidebook released on Thursday.
Categories: Around The Web

EU set for a fight over where the CBAM money goes

Carbon Pulse - Thu, 2024-06-13 23:52
The full start-up of the EU’s Carbon Border Adjustment Mechanism (CBAM) is set to drive a battle over who gets to pocket the revenue — a decision that is unlikely to be taken until 2027. 
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Companies mostly ready for EU’s new sustainability reporting rules -survey

Carbon Pulse - Thu, 2024-06-13 23:19
Almost two-thirds of companies feel confident about their ability to comply with the EU’s newly-adopted Corporate Sustainability Reporting Directive (CSRD)  due to start applying this year, according to a new survey.
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Far-right surge in German coal region ‘concerns us a lot’, state chief says

Carbon Pulse - Thu, 2024-06-13 22:13
The European Green Deal looks likely to have survived the EU elections last weekend, but the far-right’s surge in Germany’s coal regions gives reasons for concern, with trade unions warning about a “corrosive cocktail” threatening climate policy in the long term.
Categories: Around The Web

New electricity storage technology secures £300 mln to start rolling out in UK

Carbon Pulse - Thu, 2024-06-13 21:21
A new technology that can store renewable energy for several weeks, longer than batteries, has secured $300 million of investment in a move that could turbo-charge the net zero transition.
Categories: Around The Web

Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-06-13 21:15
European carbon allowance prices remained firmly rangebound for a fourth day, shrugging off a nearly 10% rally in natural gas this week as the weight of open interest in June EUA call options appeared to be acting as an anchor on prices, breaking the long-standing correlation between the two markets.
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